What is an Expenses – Reasonable Expenses OR Approval Required In Advance clause?..

Some reasonable expenses (mobile phone, automobile and other travel) are usually borne by the company receiving referrals depending on the time commitment provided by the referring party. Parties may wish to determine who bears the cost of the creation of the agreement and during the term of the agreement i.e., legal costs, business development costs, administrative costs (if applicable). There may be a provision in this section stating that the parties are responsible for their own costs and expenses.